Avantax Advisory Services Inc. Sells 45,407 Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Avantax Advisory Services Inc. cut its holdings in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 29.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 109,311 shares of the oil and gas exploration company's stock after selling 45,407 shares during the period. Avantax Advisory Services Inc.'s holdings in Petróleo Brasileiro S.A. - Petrobras were worth $1,406,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in PBR. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 68.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 22,612 shares of the oil and gas exploration company's stock valued at $326,000 after buying an additional 9,200 shares during the period. OneDigital Investment Advisors LLC boosted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 12.6% during the third quarter. OneDigital Investment Advisors LLC now owns 12,549 shares of the oil and gas exploration company's stock valued at $181,000 after purchasing an additional 1,407 shares in the last quarter. West Family Investments Inc. boosted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 8.9% during the third quarter. West Family Investments Inc. now owns 21,933 shares of the oil and gas exploration company's stock valued at $316,000 after purchasing an additional 1,790 shares in the last quarter. Altman Advisors Inc. boosted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 1.4% during the third quarter. Altman Advisors Inc. now owns 119,238 shares of the oil and gas exploration company's stock valued at $1,718,000 after purchasing an additional 1,625 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the third quarter valued at approximately $994,000.

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Petróleo Brasileiro S.A. - Petrobras Stock Performance

Shares of PBR traded up $0.17 during mid-day trading on Friday, hitting $14.20. 38,987,959 shares of the company traded hands, compared to its average volume of 16,579,858. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The stock has a 50-day moving average price of $13.79 and a two-hundred day moving average price of $13.96. Petróleo Brasileiro S.A. - Petrobras has a 1 year low of $12.45 and a 1 year high of $17.44. The stock has a market cap of $91.48 billion, a price-to-earnings ratio of 5.54, a P/E/G ratio of 0.18 and a beta of 1.39.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.2403 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a dividend yield of 19%. Petróleo Brasileiro S.A. - Petrobras's payout ratio is 137.93%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PBR. HSBC upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a report on Wednesday, March 5th. StockNews.com cut shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Finally, Hsbc Global Res raised shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras currently has a consensus rating of "Moderate Buy" and an average target price of $17.81.

About Petróleo Brasileiro S.A. - Petrobras

Petróleo Brasileiro SA - Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.